Vinva Investment Management Ltd Has $5.16 Million Position in Chubb Limited $CB

Vinva Investment Management Ltd lifted its holdings in Chubb Limited (NYSE:CB) by 29.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,082 shares of the financial services provider’s stock after acquiring an additional 4,081 shares during the period. Vinva Investment Management Ltd’s holdings in Chubb were worth $5,156,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in CB. 1248 Management LLC bought a new stake in Chubb in the first quarter worth approximately $31,000. VSM Wealth Advisory LLC acquired a new stake in shares of Chubb during the 2nd quarter worth approximately $32,000. WPG Advisers LLC bought a new stake in shares of Chubb in the 1st quarter valued at $33,000. Maseco LLP acquired a new position in shares of Chubb during the 2nd quarter valued at $35,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its stake in Chubb by 391.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 118 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 94 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Insider Activity at Chubb

In related news, insider John J. Lupica sold 16,375 shares of Chubb stock in a transaction on Friday, November 14th. The stock was sold at an average price of $296.45, for a total transaction of $4,854,368.75. Following the sale, the insider directly owned 74,225 shares in the company, valued at approximately $22,004,001.25. This trade represents a 18.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Joseph F. Wayland sold 5,830 shares of the business’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $297.08, for a total value of $1,731,976.40. Following the completion of the transaction, the executive vice president directly owned 60,593 shares in the company, valued at approximately $18,000,968.44. This represents a 8.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 57,333 shares of company stock valued at $16,629,873. 0.77% of the stock is owned by insiders.

Chubb Stock Performance

NYSE CB opened at $297.93 on Friday. The company has a fifty day moving average price of $284.09 and a 200-day moving average price of $281.55. The firm has a market cap of $117.25 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 2.74 and a beta of 0.58. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.28. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $306.91.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, beating analysts’ consensus estimates of $5.51 by $1.98. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The company had revenue of $16.15 billion for the quarter, compared to analyst estimates of $12.95 billion. During the same period last year, the firm earned $5.72 earnings per share. The firm’s revenue was up 7.5% on a year-over-year basis. As a group, equities research analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Friday, December 12th will be paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, December 12th. Chubb’s payout ratio is presently 16.19%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Morgan Stanley lifted their price target on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research note on Monday, November 17th. Evercore ISI boosted their target price on Chubb from $312.00 to $315.00 and gave the company an “outperform” rating in a research report on Wednesday, October 1st. Keefe, Bruyette & Woods upped their price target on Chubb from $333.00 to $335.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft raised their price objective on Chubb from $303.00 to $304.00 and gave the company a “hold” rating in a research note on Monday. Finally, Citigroup upped their target price on Chubb from $326.00 to $331.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $308.11.

Chubb Company Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.